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Here are some data taken from a company's financial statements: FIS ITEMS A/R (net) Total current assets PPE (net) Current yea Last Year 23.94 13.83
Here are some data taken from a company's financial statements: FIS ITEMS A/R (net) Total current assets PPE (net) Current yea Last Year 23.94 13.83 51.64 35.27 8.37 6.61 Total assets 95.76 77.9 Current liabilities 26.14 15.11 Long term debt 13 13 Sales 226.35 157.94 COGS 143.03 96.24 Sell, gen, and admin exp 65.6 46.5 Depreciation expense 2.6 2.31 Income bef extr items 7.78 6.11 Cash flow from operations 1.98 3.53 Required: (Q1) Calculate the M-Score for this company and interpret (Q2) Assuming that you decide to investigate for fraud, where does the model suggest that you should look
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